Written answers

Thursday, 3 May 2012

3:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 80: To ask the Minister for Finance the revenue that will be raised by the carbon levy in respect of each product on which it is applied; and if he will make a statement on the matter. [22518/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the forecast for Carbon Tax 2012 and estimated VAT in respect of each category is as follows:

Carbon TaxEstimated VAT
2012€m€m
Auto Diesel130.633.00
Petrol79.0718.19
Aviation Gasoline0.040.01
Fuel Oil2.760.00
MGO54.867.41
Kerosene44.416.00
Auto LPG0.200.05
LPG (Other)3.940.53
Natural Gas54.804.44
Total370.7039.62

The Carbon Tax figures shown are a breakdown of the Carbon Tax forecast for 2012. However, the VAT figures are estimates based on the expected Carbon receipts in each category. Please note that the VAT receipts are estimated, as the VAT returns do not require the yield from a particular sector or sub-sector of trade to be identified and the actual VAT yield for each category cannot therefore be determined.

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